Foster & Motley Inc. Sells 25,848 Shares of Honda Motor Co., Ltd. $HMC

Foster & Motley Inc. trimmed its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 40.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,461 shares of the company’s stock after selling 25,848 shares during the quarter. Foster & Motley Inc.’s holdings in Honda Motor were worth $1,016,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. WealthCollab LLC increased its stake in Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Honda Motor in the 3rd quarter valued at about $26,000. Newbridge Financial Services Group Inc. acquired a new position in Honda Motor during the 2nd quarter valued at about $29,000. Financial Management Professionals Inc. boosted its stake in Honda Motor by 38.2% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company’s stock valued at $51,000 after purchasing an additional 518 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Honda Motor by 121.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after purchasing an additional 1,161 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research raised Honda Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings cut Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Honda Motor Price Performance

Honda Motor stock opened at $31.91 on Thursday. Honda Motor Co., Ltd. has a 52 week low of $23.25 and a 52 week high of $34.89. The company’s 50 day moving average price is $28.69 and its two-hundred day moving average price is $27.42. The stock has a market cap of $49.81 billion, a P/E ratio of -45.59 and a beta of 0.42. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. The company had revenue of $37.27 billion during the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%. On average, equities analysts predict that Honda Motor Co., Ltd. will post 1.3 earnings per share for the current year.

Honda Motor Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.